Currencies and Forex Analysis & Opinion

The euro traded sharply lower against the U.S. dollar after the European Central Bank’s monetary policy announcement. On a technical basis, EUR/USD rejected the 100-day SMA, an important...

Thursday’s European Central Bank monetary policy announcement is one of the most important event risks this week. With a seven-week gap between tomorrow’s meeting and the next, the...

The greenback is back in the game again! Since the end of February, the US dollar has been gaining against a basket of major currencies, like the euro, British pound and Japanese yen. As of March 9,...

Tomorrow’s Bank of Canada monetary policy announcement is a tricky one. On one hand, economic data has been very good. Job growth is strong, consumer spending is improving, the housing...

The Canadian dollar continues to drift this week. In the Tuesday session, USD/CAD is trading at 1.2532, down 0.02% on the day.Will BoC Hit The Taper Button? All eyes will be on the Bank of Canada...

All of the major currencies traded higher on Monday as investors continued to drive the U.S. dollar lower. When a rise in Treasury yields, sell-off in U.S. stocks, strong payrolls and retail...

The U.S. dollar struggled to rally Thursday despite very strong U.S. economic reports. According to the latest releases, the U.S. economy roared back to life in March and early April. Retail...

The biggest news on Tuesday turned out to be concerns about the Johnson & Johnson (NYSE:JNJ) vaccine and not the U.S. inflation report. The country’s two health agencies (FDA and CDC)...

As it revelaed in its semi-annual financial stability review last week, The Reserve Bank of Australia is anxious about growing risks to the country’s economy. The central bank maintains that...

CAD/JPY posted a false breakout last week above the 88.00 level. At that time, the divergent and overbought RSI suggested the pair would pullback. As we drop back towards the 61.8% Fibonacci...

The first full trading week of April started quietly with many markets closed for Easter Monday. It wasn’t until the start of the New York trading session that the U.S. dollar started to move....

The most anticipated event risk this week was the March U.S. non-farm payrolls report. Nearly 1 million jobs were created, the most in seven months. Economists were looking for NFPs to rise...

Thanks to the Good Friday holiday and the long weekend, the foreign exchange markets should be quiet today. But the EUR/USD is one to watch in the days and weeks ahead, given the stark contrast in the...

After rising strongly in March, the U.S. dollar kicked off the month of April with losses against most of the major currencies. The sell-off was modest and represents nothing more than...